Berkshire Profits More Than Double on Gains in Insurance, Railroad, Energy Businesses – WSJ

Berkshire Profits More Than Double on Gains in Insurance, Railroad, Energy Businesses – WSJ

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New leader says company has shortlist of acquisition targets, as its cash pile grows; assures investors that culture isn’t changing

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Abel assured the crowd that the culture Buffett built wouldn’t change, before walking them through how the company’s varied businesses—from car insurance to railroads to energy—are addressing potential opportunities, including in artificial intelligence.

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